Mike Stanisz

Post Economic.
Posts about AI, Tech, Cars, Investing
Nonprofit developing next gen tech optimists

[Mike Stanisz @tech_optimistic]

AI is not training on websites. They're training on videos. And Google has an endless amount of them on Youtube.

Substack is also out there btw.

Nobody goes to websites any longer anyway. They're riddled with ads and pop-ups and make them mostly unusable.

[Sergei Perfiliev @perfiliev]

This is big news.

Google started doing that with quick summaries long ago, but AI made google much more effective at answering users queries directly.

Instead of being the gateway to the internet, Google is now a destination in itself.

So what happens to all these websites who rely on traffic for revenue? What’s the incentive to write or generate new content if they can’t monetise it via visitors?

[Mike Stanisz @tech_optimistic]

Tired of the political ads on YouTube?

Download the Brave browser

It blocks all ads.

Watch YT there not in the app.

[Mike Stanisz @tech_optimistic]

Buying some $tqqq now

[Mike Stanisz @tech_optimistic]

@SMLSASJSTTIAB $vtsax $vti $VGT $VOO $qqq are all solid.

on dips like this week, the triple leveraged Nasdaq $TQQQ is a good buy also.

[Mike Stanisz @tech_optimistic]

Best move I ever did for myself was decades ago when moved my portfolio to 80% index funds.

Left 20% for speculative plays like $spcx $tsla $meta $amzn

This is how I retired early.

$spy $qqq $vti $voo

[Heisenberg @Mr_Derivatives]

$SPY “crashing” to levels not seen since…

3 days ago.

Amazing just how resilient the index is while so many notable names beaten up.

#rotation #breadth

[Mike Stanisz @tech_optimistic]

Pay attention to what your favorite FinX follows are doing right now.

Many of them won’t be around in a few months

[Anand @anandragn]

Pull up who you were following during the 2020-2021 era and count how many of the big accounts still post. Better yet, how many of those do you still pay attention to?

Zoom, Peloton, Roku, Enphase, Skillz, Fisker, Canoo, Nikola. The list goes on and on. Many of the loudest voices have disappeared, or simply stopped being people you listen to.

They were 100% certain. Big positions, even bigger opinions, a following that grew with every green candle. They knew the businesses cold. One subject they never covered, however, was "being wrong".

Then the first drawdown came and the threads got longer...
Every dollar of the decline had an explanation. They bought more, at least they said so.
A bounce arrived and so did the screenshots, and the "told you so".

For a few days, doubt looked absolutely foolish. Then the market rolled over again and the same people wrote that "anyone selling here is a trader". I remember that line so vividly. Protecting your financial and mental capital had suddenly become a serious character flaw.

The price targets stayed despite being down 50%, then 75%, then more. The dates moved. A trade that was supposed to change their life now needed five years to be understood. "The market is simply wrong", they said.

A lot of that research was actually good. You could read the whole thesis and come away impressed. What you couldn't find was the sentence that said when they would leave. Fundamentals help you estimate what a business might be worth. They don't tell you when the market will agree, or how much you will lose waiting. When liquidity is leaving, a perfect model of the company can be a perfect answer to the wrong question.

Then there is the audience. Thousands watching, some of whom bought because of the call. Every public declaration made the next private doubt more expensive. How do you quietly change your mind when certainty is what people follow you for?

So they didn't. Another big thesis post, another conviction thread, another low, another bounce that reopened the possibility it hadn't been a mistake. Daily updates became weekly, weekly became "nothing changed, generational opportunity it is", then nothing. 90% down, 95% down, no final post.

I see the early version of it now.

Many of these accounts showed up in the last year or so. They gravitated to the same set of tickers retail had adopted as its favorites, and their following grew about as fast as those stocks rose. The audience rose with the price, and the price had little to do with them.

It's an easy thing to mistake for skill, especially when the environment is paying anyone who just happened to be standing in the right place at the right time. How well someone understands the market becomes clearer when it stops cooperating. The last few months have been a revealing test.

Nobody introduces themselves as the person who will ride a position down 90%.

Somewhere in this chaos, there are quiet people with a clear head, an exit plan and plenty of dry powder. They have probably been wrong too, many times. They just left themselves enough room to be wrong and keep going for years to come.

[Mike Stanisz @tech_optimistic]

Man FinX is having a stroke tonight.

All these fake gurus getting stepped out.

Big lesson here - you won’t beat the market long term.

But $vti $vgt $qqq $spy and chill

Buy $tqqq in the dips for short term

[Mike Stanisz @tech_optimistic]

@elonmusk @BrianRoemmele @bot Absolutely worth the money. I run an entire business through the bots!

[Mike Stanisz @tech_optimistic]

Not surprised about $GOOG earnings.

I haven't used their search in months.

Gemini wants me to upgrade every time I ask anything except basic stuff so I stopped using it too.

Youtube has more ads than ever and creators are stretching their videos in order to maximize ad rev. They turn 10 minutes of info into 40 minute videos now.

[Mike Stanisz @tech_optimistic]

$STLA had a decent quarter. The turnaround is looking promising. Up this morning

[Mike Stanisz @tech_optimistic]

Bought a few more $stla below $4

[Mike Stanisz @tech_optimistic]

@XFreeze I literally started my Grok bot journey by asking the bots to work on things that I was procrastinating on.

They did a great job, and I ran with increasing the amount of responsibility I give these guys

[Mike Stanisz @tech_optimistic]

@Cernovich @BowTiedBroke My larger gripe is these people ran up prices of homes near most vacation spots.

[Mike Stanisz @tech_optimistic]

This is what I tell everyone about Grok bots. I ran a large team of engineers in my former life, and having a team of bots feels like that.

I approach my conversations, questions, and requests with them in the same manner I did with my team, and the results are spectacular.

Is set up communication channels within the @bot team, weekly staff calls.

I asked them to not only think next steps for their roles but also what my next steps should be.

[Jason DeBolt ⚡️ @jasondebolt]

SI gives everyone an opportunity to test their chops at being a CEO. It's an executive function IQ test.

If you can't decompose a problem, write clear requirements, and verify results, you'll fail at managing agents.

And you'd probably fail at directing people toward a common goal for the same reasons.

SI exposes who can actually think like an operator and who was just riding a title.

[Mike Stanisz @tech_optimistic]

@jasondebolt This wis what I tell everyone about Grok bots. I ran a large team of engineers in my former life, and having a team of bots feels like that. I approach my conversations and questions with them in the same manner I did with my team, and the results are spectacular.

[Mike Stanisz @tech_optimistic]

@BigBearBummers If these hosts sell their properties, then maybe we get more affordable homes in vacation areas again.

[Mike Stanisz @tech_optimistic]

They all look so good!

I'd buy the Tesla Model 2 today if it was out.

And the van eventually

[Grouch That Sparx @GrouchThatSparx]

Would you buy any of these Tesla Vehicles if they were made? I think the Tesla van needs a few tweaks in the design studio...

[Mike Stanisz @tech_optimistic]

Bought a few more $stla below $4

[Mike Stanisz @tech_optimistic]

I know that tech's going through it right now. I recently bought some $STLA since I can see their turnaround plans for the next few years being a good thing.

Earnings next Thursday after the bell.

[Mike Stanisz @tech_optimistic]

@dannynoonan31 Thinking the same thing

[Mike Stanisz @tech_optimistic]

I know that tech's going through it right now. I recently bought some $STLA since I can see their turnaround plans for the next few years being a good thing.

Earnings next Thursday after the bell.

[Mike Stanisz @tech_optimistic]

@BrianRoemmele I had a book of programs for single games for my Vic20. Hours of typing to play the game for a bit and it disappeared when I shut the Commodore off.

Until I got that cassette recorder. It was a game changer back then!